Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Leave encashment exemption under the income tax provisions was restricted by the assessing officer on the basis that the employer was not a Central or State government; however a subsequent CBDT notification raised the permissible limit. The Tribunal found the AO erred by limiting the exemption to a lower amount and directed grant of the full claimed leave encashment exemption since it falls within the enhanced limit, allowing the assessee's appeal.
Leave encashment exemption under the income tax provisions was restricted by the assessing officer on the basis that the employer was not a Central or State government; however a subsequent CBDT notification raised the permissible limit. The Tribunal found the AO erred by limiting the exemption to a lower amount and directed grant of the full claimed leave encashment exemption since it falls within the enhanced limit, allowing the assessee's appeal.
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